The Directorate General of Foreign Trade (DGFT) removed the MEP on onion with immediate effect
Almost every Indian meal requires an onion -- one of the cooking essentials along with sugar and lentils that sweet-talking politicians use to curry favour with their voters by lowering costs
Onion seeds are often referred to as “black gold” by farmers in the Rajshahi region due to their dark shade and high market value. This stands true for the fact that when planting ran from October to early December last year, the seeds were sold at an average of Tk 5,000 per maund in the district, some 250 kilometres west of the capital.
Agriculture minister says
Commerce Minister Tipu Munshi says
Commerce Minister Tipu Munshi has said he could not predict exactly when onion price will come under control in the country.
Onion prices go beyond the capacity of general people as the prices of the essential cooking ingredient have already broken the previous records.
When things hit rock bottom humans have a tendency to find ways to laugh at them. It is related to that ambivalence of a bizarre event when you don’t know whether to laugh or cry.
Trading Corporation of Bangladesh (TCB) will start open market sales (OMS) of onion tomorrow in its bid to curb spiralling prices of the essential cooking ingredient, an official says.
Onion prices shot up to Tk 120 per kg in the kitchen markets of the city, an average rise of 28 percent from last week.
Onion prices were nearly one and a half times that of a week ago, and local traders are blaming the hike on increased prices in India, the country's main source of import.
The Trading Corporation of Bangladesh (TCB) will start selling onion at Tk 50 per kg across the country from tomorrow ahead of the Eid-ul-Azha.